There is no doubt this new legislation will have a dramatic effect on claims for travel and subsistence with those working through their own small limited company or an intermediary or umbrella company.

The plain truth is that those who come under this description can no longer claim for travel expenses and/or subsistence (i.e. meals) when commuting from home to work. It’s going to affect the bottom line regards tax.

We’ve already heard examples of ‘bar room accountants’ saying that this and that can be claimed instead. It’s simply not true and HMRC will be on the warpath. Our advice is, if in any doubt whatsoever; speak to a properly qualified and experienced accountant.

Priory Accounting look after many Contractors and will be able to keep you right